Nepal | July 08, 2020

Govt in bid to boost investor confidence

• BRIEFING TO DIPLOMATS

Roshan S Nepal
Share Now:

Prime Minister KP Sharma Oli (centre), Minister for Foreign Affairs Pradeep Kumar Gyawali (left) and Minister of Finance Yubaraj Khatiwada participate in a programme organised to brief diplomatic community, at Ministry of Foreign Affairs, on Friday, February 1, 2019. Photo: RSS

Kathmandu, February 1

Minister of Foreign Affairs Pradeep Kumar Gyawali today said the government was trying to make visible legal, policy and institutional reforms to boost the confidence of investors ahead of the International Investment Summit being held in Kathmandu from March 29 to 30.

In his briefing to the diplomatic community in the presence of Prime Minister KP Sharma Oli in Kathmandu, Gyawali said the government was focusing on translating its motto of ‘Prosperous Nepal and Happy Nepali’ into reality.

He said Nepal needed huge financial resources — both from within and outside the country — in productive sectors to realise the goal of economic transformation by modernising agriculture, building infrastructure, tapping energy potential, promoting tourism, developing human resources and generating employment opportunities.

“That is why we are hosting an International Investment Summit in March-end to invite foreign investors to Nepal,” he said at the event that saw representation from diplomatic missions in Kathmandu. “We’ll make all possible efforts to ensure a predictable, secure and attractive investment climate in Nepal.”

Gyawali also reiterated the government’s aim to ensure comprehensive democracy in which an individual was empowered not only politically but also economically, socially and culturally. He said the government would continue to promote and protect inclusion, participation, accountability and transparency to ensure equality, respect and dignity for all Nepali people.

On Nepal’s transitional justice process that has lately attracted concerns from the international community, Gyawali expressed the government’s commitment to addressing the remaining components of transitional justice in the best interest of the country and people.

Stating that internal matters could be resolved with Nepal’s commitment and efforts, he said, “Trust our commitment, willingness and capacity to close this chapter forever in the spirit of the Comprehensive Peace Accord.” He reiterated that there would be no blanket amnesty for those who indulged in serious violations of human rights.

On Nepal’s foreign policy priorities for the days to come, Gyawali said the government would continue to pursue a principled, consistent and independent foreign policy with pragmatic approach and result-orientation.

“In promoting national interests, our external engagements have two clear goals: promoting Nepal’s credentials as an open and progressive democratic state at the international level and the pursuit of effective economic diplomacy to contribute to development imperatives at home,” he said.

Stating that the government would uphold its motto of ‘amity with all, and enmity with none’ and pursue its goals, keeping principles of the Panchasheel, non-alignment, UN Charter, international law, and norms of world peace at the centre.

He added that the government aimed at deepening cooperation with immediate neighbours — India and China — by focusing on economic partnership and building on existing cooperation with major powers, development partners, labour receiving countries and other friendly countries.

Gyawali said Nepal would continue active engagements in regional and multilateral forums and make efforts to revive the stalled SAARC process. Nepal believes that constructive multilateralism is the only way to achieve our collective interests.

READ ALSO:


A version of this article appears in print on February 02, 2019 of The Himalayan Times.


Follow The Himalayan Times on Twitter and Facebook

Recommended Stories:

More from The Himalayan Times:

London

Have you considered UK for future studies? You might, with the new Graduate Route provision

KATHMANDU: The United Kingdom government has announced -- a good news for international students -- that those willing to work in the UK post their graduation will be able to do so under the new graduate programme. The UK-based international students who hold a valid Tier 4 visa will be able to b Read More...

India surpasses Russia becoming third worst COVID-19-hit country

KATHMANDU: India has become the third worst-hit country by the COVID-19 pandemic, surpassing Russia in total number of confirmed cases of the disease. In the last 24 hours, India has reported 22,252 fresh cases and 467 coronavirus fatalities, according to the Union Health Ministry of India. The c Read More...

Brazil President Bolsonaro tests positive for coronavirus

SAO PAULO: Brazilian President Jair Bolsonaro said on Tuesday he tested positive for the novel coronavirus, adding in a television interview that he was in good health despite running a fever. The right-wing populist, who has played down the severity of the virus which he has called a "l Read More...

Chelsea close in on Champions League spot with 3-2 win at Palace

LONDON: Chelsea kept up their push for a top-four finish in the Premier League and Champions League football next season with a 3-2 victory at London rivals Crystal Palace on Tuesday thanks to goals from Olivier Giroud, Christian Pulisic and Tammy Abraham. The visitors took a two-goal lead i Read More...

Singh Durbar

New nuke law stipulates plan for disaster management

KATHMANDU, JULY 7 The Radioactive Materials Use and Regulation Act, 2020, recently authenticated by President Bidhya Devi Bhandari, requires the Government of Nepal to develop and implement a disaster preparedness and management plan at the national level to prevent and manage any disastrous impa Read More...

Furdiki Sherpa and Nima Doma Sherpa

Hit hard by pandemic, Sherpa widows face uphill battle

KATHMANDU, JULY 7 After conquering Mount Everest and shattering taboos, two Nepali Sherpa widows face a new challenge, the coronavirus pandemic, which has shut down all climbing and trekking activities rendering them jobless. Nima Doma Sherpa and Furdiki Sherpa made global headlines when t Read More...

Jewellery store burglary racket busted

KATHMANDU, JULY 7 Police have busted a racket of thieves, who were allegedly involved in burgling jewellery stores in Kathmandu valley, under the guise of scrap collectors. Those taken into custody for legal action have been identified as Ganga Bahadur Tamang aka Sumit, 37, and Junga Bahadur M Read More...